CCH Holdings Ltd. (CCHH), a Malaysia-based hotpot restaurant chain, saw its stock price soaring 33% during intraday trading on Friday, marking a successful debut on the Nasdaq stock exchange. The significant surge comes on the heels of the company's initial public offering (IPO) announcement.

The company priced its IPO at $4 per share, offering 1.25 million shares to raise a total of $5 million. The strong market reaction suggests investors' enthusiasm for the restaurant chain's growth prospects. CCH Holdings has stated that the proceeds from the IPO will be used for expansion, investments, and general corporate purposes, indicating potential for future growth.

Adding to investor interest, the IPO's underwriters have been granted a 45-day option to purchase up to an additional 187,500 shares. This over-allotment option, if exercised, could further boost the company's capital raise. The offering is expected to close on October 6, 2025, potentially providing more clarity on the total funds raised and investor demand.